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Nov 29, 2012
11/12
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the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are very difficult to reduce or eliminate, but it would be the right thing to do for our economy. i do think we have seen some signs of developing bipartisan consensus on this issue, and i'm hopeful that we will see the same movement for pro growth individual tax reform because reforming the entire code is critical to regaining competitiveness, spurring growth and producing the revenues we need to pay for important public priorities. the smart way to raise revenue then is not through tax rate hikes that threaten to shrink our economy but rather thoughts u tax reform designed to help grow the economy.
the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are...
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Nov 29, 2012
11/12
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CSPAN2
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tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept such a deal if that's what's going on in the secret negotiations. president obama campaigned on tax increases just on the wealthy, just on raising their rates, just only $800 billion in tax increases. but now the white house is demanding $1.6 trillion in tax increases. don't the american people have a right to see where those taxes fall, who this will impact and how much they are? shouldn't the president lay out his plan? the president of the united states, the only person who represents everybody in the country, will that remain a secret? will it just be revealed to us
tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept...
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90
Nov 21, 2012
11/12
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CSPAN2
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eye 90
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the payroll tax trauma in february of this year. they handled that very well in the republicans in december of 2010 were full of fire by february 2011. $140 billion of stimulus was a very good sign of the president learned that it's not about a persuasive argument that will bring. they are not going to budge. it's about using the power of the president be. the question is, how to build a new set of skills and tools. in the next couple of months is a big time for him. >> david, both in your book and a recent op-ed piece from the u.s. the question, what really drives them? is that approximately right? i mean, that seems to be the theme of the book. what is driving this guy? it is still a bit of an open question. what do you think you are seeing now is his driving motivations quick >> well, i put about this last week in terms of the second term in the drive now is greatness and i think he has the opportunity for you. that doesn't mean he'll reach it. even as the second term creates unexpected problems and a lame duck atmosphere that ca
the payroll tax trauma in february of this year. they handled that very well in the republicans in december of 2010 were full of fire by february 2011. $140 billion of stimulus was a very good sign of the president learned that it's not about a persuasive argument that will bring. they are not going to budge. it's about using the power of the president be. the question is, how to build a new set of skills and tools. in the next couple of months is a big time for him. >> david, both in...
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Nov 21, 2012
11/12
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CSPAN2
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just talk about taxes. the objective of holding the line or lowering taxes is ultimately supposed to contain or reduce the size of the government. do you feel closer or further from that goal today? >> much closer. one is the tea party and the other is the right and budget. up until the tea party, i would have been here and told you obama is going to spend too much money and you can't get the american people upset about spending too much. you have to wait until it becomes a tax increase that's why the protection pledge was i think the best defense against the government. the same misreading of his mandate that he's doing now so when some of us suggested the misreading of the mandate he did it for years ago. he threw away the approval rating to spend the stimulus package written on all this other stuff, massive debt and spending and you had a million people go to the streets around august, april 15th. he had only just showed up and started spending crazily. tarp ii me and you then have a reaction from the mo
just talk about taxes. the objective of holding the line or lowering taxes is ultimately supposed to contain or reduce the size of the government. do you feel closer or further from that goal today? >> much closer. one is the tea party and the other is the right and budget. up until the tea party, i would have been here and told you obama is going to spend too much money and you can't get the american people upset about spending too much. you have to wait until it becomes a tax increase...
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Nov 21, 2012
11/12
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CSPAN2
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eye 83
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we got to simplify and realize the court -- realine the corporate tax code. everybody agrees. in fact, we just did a survey of -- that included lots of members of the general public, not business leer, not a kind -- business leaders, but the general public, and 70% of the general public believe that we need to simplify the corporate tax code. that's how deep the understanding of the problem is. we can't have a tax code that's complex and higher rates and more complexity than any other place in the world. we have to move on that. >> four, five, and six. >> address distortions in the international trading system that really hurt a high service, high innovation, high technology economy like the u.s.. we didn't worry about those so much when we did well, but now they are really getting in the way of making progress. we got to reduce regulatory complexities, not dumb down the regulation, not eliminate regulation, but go through the process in a simple leer -- lempleer -- simpler way. this is the number one thing said the biggest barrier to investing in the u.s.. we got to upgrate t
we got to simplify and realize the court -- realine the corporate tax code. everybody agrees. in fact, we just did a survey of -- that included lots of members of the general public, not business leer, not a kind -- business leaders, but the general public, and 70% of the general public believe that we need to simplify the corporate tax code. that's how deep the understanding of the problem is. we can't have a tax code that's complex and higher rates and more complexity than any other place in...
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Nov 21, 2012
11/12
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CSPAN2
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eye 99
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tax reform this. tax implications of the. reduce taxes fine, but no net tax increases. and most republicans in the house and the senate made that commitment, a handful of democrats, about 1300 state legislators, 13 governors, a lot of people chosen to make that commitment to their constituents. everyone's want to become it's to grover, could you tell some of its okay for them to break their word to the constituents? no. i'm not actually in this equation. is a commitments they made to their own voters when the guy elected that they would not support tax increases. they say when i go to washington for not raising taxes. i'm going to reform government so costs less. windows above uncle and reform government. i'm not going to say there's a problem, everybody sending more money to pay for whatever from an continue to do everything we been doing for the last 50 or 70 years on something. when george herbert walker bush campaign with a promise not to raise taxes and then turned around and raise taxes, in return for promises of spending cuts, it didn't happen. the american peopl
tax reform this. tax implications of the. reduce taxes fine, but no net tax increases. and most republicans in the house and the senate made that commitment, a handful of democrats, about 1300 state legislators, 13 governors, a lot of people chosen to make that commitment to their constituents. everyone's want to become it's to grover, could you tell some of its okay for them to break their word to the constituents? no. i'm not actually in this equation. is a commitments they made to their own...
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Nov 23, 2012
11/12
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CSPAN2
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quote strongest defender freedom when it denied the basic rights of survival to native americans for tax malcolm declared quote the right of exterminating or trying to -- where they must starve even the inhabitants of thinly peopled regions would be questioned and immoral the. all of us have good reason to be alarmed at the u.s. population rate since the nation's number have been increasing at such an remarkable pace. with no european rival to contend with, nothing stood in the way at the doubling of u.s. lands in every doubling of the u.s. population except for thousands of indians who continued to live on their native ground. the united states thus provided a perfect object lesson for claims that x. is population fueled territorial aggression. in what i need your any euro american size of virtuous cycle that many native americans and their british allies sophomores a vicious circle, the continent's wide-open grounds supported demographic expansion even as the increasing u.s. population in a bold seizure and settlement of these lands. the resulting dif urchins in british versus american
quote strongest defender freedom when it denied the basic rights of survival to native americans for tax malcolm declared quote the right of exterminating or trying to -- where they must starve even the inhabitants of thinly peopled regions would be questioned and immoral the. all of us have good reason to be alarmed at the u.s. population rate since the nation's number have been increasing at such an remarkable pace. with no european rival to contend with, nothing stood in the way at the...
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Nov 27, 2012
11/12
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CSPAN2
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eye 89
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by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting a catastrophe over the full 2013 is an insult to people who actually understand what's going on. i hope that -- >> host: do you think, your call on the democratic line. do you think the president is not holding firm on democratic beliefs? >> caller: i really don't know what he's doing, but i just got yesterday it was, maybe the day before, ed rendell supposedly a liberal type of democrat is on one of these teams trying to figure out how to cut entitlements. this is a very simple equation. we have about $800 billion more than is necessary spending on health between the private and p
by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting...
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Nov 28, 2012
11/12
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CSPAN2
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eye 97
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their fair share of taxes. we're losing $100 billion a year because corporations and the wealthy are stark their money in the cayman -- are stashing their money in the cayman islands and other havens. defense spending tripled since 1997. we're now spending almost as much as the rest of the world combined. let's take a serious look at defense spending. madam president, you do that, and you make some efficiencies in medicare and medicaid. make them more efficient. not cut benefits. you can move towards serious deficit reduction without cutting social security, without cutting medicare, without cutting medicaid. we just had an election a few years ago -- a few weeks ago. november 6. and what the american people, ii think, said is the time is now for the wealthy to start paying their fair share of taxes. we have seen poll after poll after poll including from some very conservative people who are saying do not cut social security, medicare and medicaid. i think it is time for the united states senate and the congres
their fair share of taxes. we're losing $100 billion a year because corporations and the wealthy are stark their money in the cayman -- are stashing their money in the cayman islands and other havens. defense spending tripled since 1997. we're now spending almost as much as the rest of the world combined. let's take a serious look at defense spending. madam president, you do that, and you make some efficiencies in medicare and medicaid. make them more efficient. not cut benefits. you can move...
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basically they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees but they don't do that because they have good lives. here in kurdistan is very un klondyke people can say that the gold they gather is for personal use for example to make dentures from the precious metal a gold smile here is a symbol of prosperity and is considered the equivalent of a healthy bank deposit. well i don't feel any reverence for gold i mean they bring it to me and i make tea for them i take money for what i do it's just immaterial to me many choose golden teeth to make them more beautiful basically having gold in your mouth is very healthy it helps digestion. you know you. with the head of the gold palace family he first met a year ago. twenty grams then. much more modest when the youngest son took his life the best painter in the family had been lost when the gold rush started a gram of gold could be sold for a thousand. t
basically they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees but they don't do that because they have good lives. here in kurdistan is very un klondyke people can say that the gold they gather is for personal use for example to make dentures from the precious metal a gold smile here is a symbol of...
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Nov 27, 2012
11/12
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CSPAN2
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we have a very difficult bankruptcy tax case. nobody can say, well, you're a liberal if you want to allow the deduction by the estates which are conservative if you require the debtor, and just does not make sense. on ones more access l to the public regimely, it's hard to pick categories. there was a case involving a question of whether or not certain discrimination laws should be applied to religious institutions so you could challenge the hiring or firing of a minister on the grounds it was discriminatory. what's the liberal position in that? the view you should extend crimination laws or protect the free exercise of the religion to the greatest extent possible? we look at the cases and resolve them to our best view of the law, not in terms of a particular liberal or conservative political agenda. there's ways of characterizes this that makes sense in terms of the work we do. some of the colleagues refer to it here strictly to the text of the stay chute. others of the colleagues like to look expansively to what we call the leg
we have a very difficult bankruptcy tax case. nobody can say, well, you're a liberal if you want to allow the deduction by the estates which are conservative if you require the debtor, and just does not make sense. on ones more access l to the public regimely, it's hard to pick categories. there was a case involving a question of whether or not certain discrimination laws should be applied to religious institutions so you could challenge the hiring or firing of a minister on the grounds it was...
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Nov 27, 2012
11/12
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CSPAN2
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here in texas if the federal court says you can deduct a expense and tax returns but in new york face a that you can the answer has to be the same. we're the only court to make it the same. matter how picayune bordeaux the question that is the case we take. is not our job to correct errors. we get 9,000 petitions per year we don't look it each one to determine if it is right or wrong but to provide uniformity. where it active congress has been declared unconstitutional we will often take that. congress should hear it from us. not always but it is not the amount of money but schoolchildren come by and that is horribly wrong. should you take it? no. the less likely other courts will follow and less need for us to fix it. dealing with constitutionality and backs of congress and uniformity of loss. >> the next question is in two parts the executive and legislative branches are political and public but the support is not a do talk about how would this nonpolitical is the public institution in any respect with televised arguments it is a less transparent political institution why do see tha
here in texas if the federal court says you can deduct a expense and tax returns but in new york face a that you can the answer has to be the same. we're the only court to make it the same. matter how picayune bordeaux the question that is the case we take. is not our job to correct errors. we get 9,000 petitions per year we don't look it each one to determine if it is right or wrong but to provide uniformity. where it active congress has been declared unconstitutional we will often take that....
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Nov 28, 2012
11/12
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KNTV
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cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended up running a 55-page spread of the leader congratulating him for the title. you can understand how that can be confusing, you know, his fashion sense. >> because i'm gullible? >> a little bit of everything. come on. you've got to have found with it. >> the "two and a half men" with thing, should we believe the video where he was live or the pr statement? >> i think we should believe he makes $350,000 an episode and that's enough said. >>> this is from care 11 news in minneapolis, where a wave of baby blue swept through a maternity ward for three days. delivery room doctors shouted it's a boy 19 consecutive times betwee
cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended...
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Nov 28, 2012
11/12
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KGO
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the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters about the rumors. david morrison has a big job. >> iville lun teared to answer the questions the public sends in. >> some of the pivotal scientific questions of our time. >> these are questions about life in the universe. and that went along fine until fours years ago. suddenly i started getting questions about
the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd...
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Nov 26, 2012
11/12
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FOXNEWSW
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that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that could be affected by income in the new year but something to think about if you have something on hand. >> the alternative minimum tax always gets complicated. >> don't sweat it. this is the amt tax. a lot of folks worry about it they haven't had to pay it before. 34 million more american households will be subjected to this ant tax if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still
that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that...
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Nov 26, 2012
11/12
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KRON
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this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy privately owned make the brent urban decay. the deal, estimated to be about $300 million, will millionl oreal another entry into the fast-growing area of special is brest, which is says represents 44% area of special is brest, which is saylook at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you'r
this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy...
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Nov 28, 2012
11/12
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FBC
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a ar less impressive electoral victory this year. let's look at the legislative branch, th senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there ar
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Nov 26, 2012
11/12
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FBC
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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118
Nov 21, 2012
11/12
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CSPAN
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eye 118
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consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a variety of tax and exclusions and deductions that are scaled back modestly and that's about it. >> it scaled-back means capt. someone, i agree completely. ." >> i think we will see some of those things rolled back. i think the top rate will be in between 39 and 45%. >> we have some common ground among our economists where we will end up. thank you for joining us and thank you all. i appreciate the pedersen foundation to participate. >> as i have contemplated how the burlington -- the meeting to close, i remember a nobel prize winner at the university of chicago where it was
consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a...
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Nov 27, 2012
11/12
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KICU
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if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will find a cyber monday tab with information on protecting yourself whenever you shop online including the top 10 internet scams to avoid. >>> before the rain gets here we've got some fog to contend with. we had a bunch of fog this morning and we're going to have a bunch of fog ben tomorrow -- fog again tomorrow morning. we have fog out toward san rafael, out toward black point area. the overnight low will get you fog as well. the recent rain and fog on the ground. the moisture now is cooling. as it cools to that dewpoint we get fog. it will impact your morning commute just as it did this morning. there was a dense fog a
if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will...
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Nov 29, 2012
11/12
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KOFY
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taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time since the election, president obama will meet privately with the man he beat in the race for president, mitt romney. they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, fami
taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time...
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Nov 27, 2012
11/12
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KTVU
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if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will find a cyber monday tab with information on protecting yourself whenever you shop online including the top 10 internet scams to avoid. >>> before the rain gets here we've got some fog to contend with. we had a bunch of fog this morning and we're going to have a bunch of fog ben tomorrow -- fog again tomorrow morning. we have fog out toward san rafael, out toward black point area. the overnight low will get you fog as well. the recent rain and fog on the ground. the moisture now is cooling. as it cools to that dewpoint we get fog. it will impact your morning commute just as it did this morning. there was a dense fog a
if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will...
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Nov 24, 2012
11/12
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FBC
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let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new
let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that...
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rate for corporations and we have the lowest of the second lowest tax rate factor tax rate for the top one percent you get people like mitt romney who are paying fifteen percent in income taxes you know no but you know again that's unfair because as dr america to raise more than that and he was giving were. percent of his income to charities. and that makes up for it therefore we shouldn't charge him taxes come on down i mean look at that capital gains is much different than ordinary and if we want to put yeah you don't have to work to get it just so it lands we have to make it we have to make it competitive for people to learn to invest but you people are not going to invest with all of this uncertainty in with the growing cost going into the business the certain affairs government wants to kill people like ok. you know i hope you're well defended if the government's going to get you thanks a lot for being with us they think for having you can talk. now on to some health care and it is residents of cook county illinois are about to see some significant new benefits thanks to president
rate for corporations and we have the lowest of the second lowest tax rate factor tax rate for the top one percent you get people like mitt romney who are paying fifteen percent in income taxes you know no but you know again that's unfair because as dr america to raise more than that and he was giving were. percent of his income to charities. and that makes up for it therefore we shouldn't charge him taxes come on down i mean look at that capital gains is much different than ordinary and if we...
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Nov 24, 2012
11/12
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CNNW
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a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama
a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one...
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Nov 23, 2012
11/12
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MSNBCW
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so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell or high water when people are paying their taxes april 15th or is there negotiating room ahead? >> no, that's kind of exactly the point. any changes that are made once we go over the cliff will be pret throw active. when you sit down in april of 2014 to fill out your taxes for 2013, they will be taxes that reflect all the agreements that will ultimately solve this thing and i am confident that we will ultimately solve it, i'm just not sure we'll solve it on december 31st. even the withholding tables, your paycheck should actually reflect the higher taxes that set in once we go over the cliff. the
so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell...
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Nov 28, 2012
11/12
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CURRENT
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how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative. he's a blue dog. he wants to do the same plan the republicans want to do, just a little lighter. so what's on the -- what do we know about this grand bargain and what's still on the block? first of all cutting medicare. unquestionably, no question, it has been offered in every single deal, it is offered up now, dick durbin is still talking about how they call it reform. they're cutting it, cutting it, cutting medicaid, unquestionably, that has been offered every single time and they'll cut it. they are going to lower corpor
how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative....
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867
Nov 28, 2012
11/12
by
COM
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. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the space is at the bottom not up
. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off...
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Nov 27, 2012
11/12
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CNBC
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tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holida
tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before....
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133
Nov 28, 2012
11/12
by
KNTV
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eye 133
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education tax credits and other credits for low income families. also, federal aid education, agriculture subsidies will be reduced if not eliminated, at least for the time being. between higher taxes and dramatic reductions, everyone, i mean everyone will fall over that fiscal cliff. >> you have two camps out there. some are saying let's push it to the end and don't move. other people are fearful that we will go over the cliff. so are we going to have an agreement? >> it's more clear than ever that both sides get it. i mean they understand the severity of the problem. it's equally clear near side wants to give more than they have to. they are likely the to reach an agreement, but not before the last possible moment. expect brinkmanship like you've never seen it before. >> that sounds menacing. i'm sure we're going to be talking about this cliff a lot more. >>> president obama wants to nominate un ambassador susan rice for secretary of state. that's the takeaway from a highly anticipated meeting between rice and john mccain and lind sai gram. they'
education tax credits and other credits for low income families. also, federal aid education, agriculture subsidies will be reduced if not eliminated, at least for the time being. between higher taxes and dramatic reductions, everyone, i mean everyone will fall over that fiscal cliff. >> you have two camps out there. some are saying let's push it to the end and don't move. other people are fearful that we will go over the cliff. so are we going to have an agreement? >> it's more...
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Nov 22, 2012
11/12
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FOXNEWSW
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>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-
>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to...
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we've got quite entrenched positions between the house republicans and the white house over raising taxes in particular will go over the cliff but then probably they'll be a deal in the first quarter of some sort you know but the white there's a very wide range of uncertainty there are based cases that will have a one and a half percent of g.d.p. tightening fiscal policy rather than the five percent that's written into the current budget arithmetic so that's going to be enough to keep growth in the u.s. just positive whereas if we have the full five percent we're going to a full blown recession in the u.s. which of course will hit the rest of the world too chris you know i think this whole issue is going to run right up to the end of march because not only do we have fiscal cliff and the end of this year but we also have to be incredibly new agreement on two thousand and fourteen budget on debt policy and agreement to really have to raise the debt ceiling all of which should roll into february march so i think this whole issue is going to remain unresolved right through to the end of firs
we've got quite entrenched positions between the house republicans and the white house over raising taxes in particular will go over the cliff but then probably they'll be a deal in the first quarter of some sort you know but the white there's a very wide range of uncertainty there are based cases that will have a one and a half percent of g.d.p. tightening fiscal policy rather than the five percent that's written into the current budget arithmetic so that's going to be enough to keep growth in...
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like as americans we're really helpless looking at our government sponsor this occupation with our tax dollars and we pay over three billion dollars in military aid for israel what can we do and how can people get involved. but i sense a really great question and i think part of the initiative i'm currently living in new york and part of the initiatives i'm involved in is really reaching out to the american public educating the american public about. their complicit role and often direct role and as he said not only does the united states sponsor israel militarily every three billion dollars a year it also feels every u.n. resolution that challenges the exclusive jewish israeli law over israel and palestine. and it really is the last sort of stronghold that israel has i think europe has become much more critical and i think it's really important to educate the american public about where their tax dollars are coming from and what there are many companies in fact multinational corporations american corporations that are invested in the occupation itself and that actually profit from the
like as americans we're really helpless looking at our government sponsor this occupation with our tax dollars and we pay over three billion dollars in military aid for israel what can we do and how can people get involved. but i sense a really great question and i think part of the initiative i'm currently living in new york and part of the initiatives i'm involved in is really reaching out to the american public educating the american public about. their complicit role and often direct role...
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Nov 25, 2012
11/12
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KRON
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among those, the urban institute. >> on wednesday the say that it is the tax payer tax break. however, the flip side is that if the tax deduction will encourage them to give more to charity? to be the ultimate beneficiary. not the taxpayer, but the ultimate recipient of a charitable gift. >> 1 this would limit the amount of the wealthiest americans could write out on a charitable donations to 28 percent of their contributions instead of the current 35%. and an idea right now would get rid of the charitable donations for most taxpayers and replace it with a 12% flat rate. either would have an impact on major institutions that rely on big donations like hospitals and universities. >> let me give you an example, this 1% decline in giving to american higher education would with salt and a loss of $300 million per year to colleges in the universities. the nonprofits have newt a new lobbying offered on his website to contact director not members of congress. with over 60 percent are opposed to making changes according to this gallup poll from last year. washington is running out of
among those, the urban institute. >> on wednesday the say that it is the tax payer tax break. however, the flip side is that if the tax deduction will encourage them to give more to charity? to be the ultimate beneficiary. not the taxpayer, but the ultimate recipient of a charitable gift. >> 1 this would limit the amount of the wealthiest americans could write out on a charitable donations to 28 percent of their contributions instead of the current 35%. and an idea right now would...
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see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipt. because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country's gone completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's saying no no we don't want to be a part of the euro zone is antagonistic toward his men his his boss and angela merkel you know these antagonistic who's going to be buying the bonds of the u.k. to finance their economy going forward not the arrows oh no no no who's going to be buying these bonds ok are they going to sell the tower of london for ten cents on the dollar so buckingham palace for fifty billio
see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipt. because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they...
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Nov 28, 2012
11/12
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KQED
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how come he is so influential tax >> he did released three albums but they completely real imagine what the electric guitar could do. people are still exploring what he laid out in those records. it also does not heard he was flamboyant, as flamboyant as he was gifted. he died tragically young. >> he has been described as number one. aru else is a distant number 2. >> he continues to be the mountaintop. he tops every magazine poll. you are right. everybody is a distant number 2. his contemporaries knew this. when he came to london, eric clapton, pete townshend saw him play. people were aghast at his incredible ability, and the volume. >> what was it he did with his electric guitar that was so new? i'm talking about the music. >> well, leaving aside the theatrics, which he did was explorer feedback in a way no one had. he pushed the guitar passed limits that people understood it to have. his sound is one that what he played and the screeching noise as he could conjure and control. he recreated the instrument and it showed what his possibilities were. >> you have to talk about his physica
how come he is so influential tax >> he did released three albums but they completely real imagine what the electric guitar could do. people are still exploring what he laid out in those records. it also does not heard he was flamboyant, as flamboyant as he was gifted. he died tragically young. >> he has been described as number one. aru else is a distant number 2. >> he continues to be the mountaintop. he tops every magazine poll. you are right. everybody is a distant number...
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Nov 24, 2012
11/12
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CNNW
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the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that. this is about making political commitments, something politicians have to and should do. my own preference is not written pledges, but in fact, people who say this is what i believe and follow through on it. i think one thing it did do is focus its attention, which is still under discuss. we have an enormous spending problem, it's about entitlement problem. what the president was forced some recognition that the threshold decision is to spend the money. >> ethan, your reaction to this whole idea that norquist keeps saying, it's about taxes for him, but also about po
the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that....
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people who weren't getting any better off would rise from tax rate the tax rate tax rate so fast that over the course of that decade the nineteen seventies a typical earner someone earning the average wage would start at the beginning of the decade paying a twenty or twenty two percent rate and in the decade paying a forty percent marginal rate no surprise taxes were a very important issue for middle class americans in the seventy's and eighty's today eighty percent of americans pay more in payroll taxes than they do in income taxes unsurprisingly they don't respond to a message that is about income taxes and if you keep talking the most about income taxes you're talking to the most something that isn't relevant to their lives meanwhile their wages are stagnating in large part because the incredibly rising cost of health insurance devour wages before the employees get the last point on this there's we talked about this last time i was on your show before the crash in the in the two thousand during the expansion the cost of labor to employers rose by about twenty five percent but wages
people who weren't getting any better off would rise from tax rate the tax rate tax rate so fast that over the course of that decade the nineteen seventies a typical earner someone earning the average wage would start at the beginning of the decade paying a twenty or twenty two percent rate and in the decade paying a forty percent marginal rate no surprise taxes were a very important issue for middle class americans in the seventy's and eighty's today eighty percent of americans pay more in...